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RELX Teach-In on Corporate Responsibility RELX teach-in on Corporate Responsibility th Thursday, 20 May 2021 RELX teach-in on Corporate Responsibility Thursday, 20th May 2021 Introduction Nick Luff CFO, RELX Good afternoon everyone. I’m Nick Luff, CFO of RELX. Thank you for joining us today for the latest in a series of presentations focusing on topics of interest to the investment community, which have included things such as technology across RELX, looking at specific business areas and product demonstrations. Today, we’ll be talking about corporate responsibility and in particular the unique contributions we make as a business. To start, I will explain about what we do at RELX and how that contributes positively to society and how we conduct our business. Marcia Balisciano, our Head of Corporate Responsibility, will then talk about how we approach CR and some of the partnerships we have with outside bodies. Following that, we will have three case studies from around the business. Anne Kitson, Managing Director of Cell Press and The Lancet, will talk about Elsevier’s contribution to the global response to the COVID-19 pandemic. Then, Jeffrey Feinstein, VP Advanced Analytics Strategy at LexisNexis Risk Solutions, will talk about their initiatives to improve financial inclusion. And finally, Mike Walsh, CEO of LexisNexis Legal & Professional, will present how we are furthering the rule of law around the world. After that, I’ll come back and talk about other focus areas for us and how we are recognised for our efforts externally. We will then open up the session to questions. Overview So first, let me give you some context. For those of you less familiar with the company, RELX is a global provider of information-based analytics and decision tools for professionals and business customers. We help scientific researchers make new discoveries, we help doctors and nurses improve the lives of patients and we help lawyers develop winning strategies. We prevent online fraud and money laundering and we help insurance companies evaluate and predict risk. In short, we enable our customers to make better decisions, get better results and be more productive. In 2020, we generated revenues of over £7 billion. We served customers in more than 180 countries, with just over 60% of revenues coming from North America and the rest split broadly evenly between Europe and the rest of the world. We employ over 33,000 people, with offices in about 40 countries. We are a digital business, with 87% of last year’s revenues generated from electronic sales. RELX business areas At RELX, we are committed to providing universal, sustainable access to information. We make a positive impact on society through our knowledge, resources and skills. We serve four market segments. In STM, under the Elsevier brand, we leverage information and analytics to advance science and health. 2 RELX teach-in on Corporate Responsibility Thursday, 20th May 2021 In Risk, mainly under the LexisNexis brand, information-based analytics and decision tools help to evaluate and predict risk for our customers and contribute to the protection of society. In Legal, also using the LexisNexis brand, our information and analytics help customers improve decision making and achieve better legal outcomes while promoting the rule of law and justice. And Reed Exhibitions connects customers face to face and digitally, fostering communities. Corporate Responsibility at RELX Acting responsibly is inherent to the way we do business. We are constantly working to increase our positive impact and reduce any negative impacts from our operations. We love data of course, so we measure those impacts, positive and negative, wherever we can, working out how we can improve, and tracking the data to make sure that we do. In the same approach as we have for financial performance, we focus less on long-term goals and targets, more on how we are performing today and how we are improving year by year. In doing so, we deliver significant change over time. We believe that our approach to corporate responsibility gives us competitive advantage, helping us to build good relations with all our stakeholders, including customers, investors, governments, NGOs and in our communities. Crucially, it helps us to attract and retain the best people, who are passionate about what we do. We organise and track corporate responsibility by focusing on seven specific areas. Today, we’re going to look mainly at things that are unique to us as a company – what we call our unique contributions. But in areas where we can be compared to others, we perform well, and I will come back later to talk about that. First though, I will hand over to Marcia, to talk some more about our approach to CR and highlight some of the partnerships we have built to help us make a difference. Corporate Responsibility at RELX Marcia Balisciano Head of Corporate Responsibility, RELX Thank you Nick. I serve as Global Head of Corporate Responsibility and over 15 years ago founded the Corporate Responsibility function at RELX. I also serve as the Chair of the United Nations Global Compact Network UK and hold a PhD in the Faculty of Economics from the London School of Economics and a Master’s in International Relations from the University of Chicago. Corporate Responsibility at the heart of what we do Corporate Responsibility is not a programme or a prescriptive set of activities. It is how we do what we do on a daily basis. It’s owned by our more than 33,000 people across the business. And it’s not new at RELX. We have been active and purposeful in identifying and minimising our risks and increasing our opportunities for over 15 years. The lists here are by no means exhaustive, but show that between 2003 and 2005 we really got things under way. We built a governance structure, our Corporate Responsibility Forum, began regular engagements with our board and set objectives to continually raise the bar on our activities. 3 RELX teach-in on Corporate Responsibility Thursday, 20th May 2021 When we meet key milestones, we set new ones. For example, in the period 2006 to 2015, we enhanced ongoing employee training in ethics and risk areas like data privacy and security, doing business fairly and anti-harassment. We created and embedded a RELX Diversity and Inclusion Policy, launched a bi-annual stakeholder engagement survey and committed to reaching 100% of our electricity needs through renewable sources. And over the last five years, we have increased our corporate responsibility efforts. Just some of the things we have done include introducing a Do the Right Thing culture-of- compliance initiative; conducting Living Wage reviews in more places where we operate; setting a carbon price on business travel; and introducing RELX-wide D&I metrics. We have a successful model of engaging our people through our Corporate Responsibility networks. Last year, over 1,500 people took part, for example, in employee resource groups, which express different aspects of inclusion and diversity. There are also green teams, accessibility champions and wellbeing networks, among others. Collaboration helps us advance our Corporate Responsibility We gain important insight into corporate responsibility through continuous engagement with a range of stakeholders in many ways. These are but a few illustrations. For example, over 15 years ago we became a partner of Research for Life, which provides free or low-cost access to thousands of our books and journals, with over 1 million downloads of our content last year. We also partner with sector initiatives like Dimpacts, which is helping us better understand our share of carbon emissions from our cloud hosting suppliers, and the Book Chain project, with its Publishers for Responsible Environmental Paper Sourcing initiative that helps us track the sustainability of the paper used in our print-based products. We are signatories to initiatives that help us better our performance, like the Valuable 500, which launched this week, focused on disability, the Race at Work Charter, focused on racial and ethnic diversity, and the Women’s Empowerment Principles, focused on gender issues. For the next few minutes, I’d like to tell you more about our work with the United Nations Global Compact, the business arm, if you will, of the UN. Our unique contributions align to UN SDGs In 2003, we became an early signatory of the UN Global Compact. We embedded its 10 principles related to human rights, labour, environment and anti-corruption into our Code of Ethics and Business Conduct, and also in our Supplier Code, and we have aimed to play a leadership role. For this, we have been recognised over the last few years as one of less than 50 companies among some 10,000 corporate signatories who are inspiring widespread uptake of sustainability solutions among businesses around the world. In 2015, the UN launched the Sustainable Development Goals, underpinned by 169 targets to address persistent challenges, including extreme poverty, climate change, gender inequality and conflict. With the launch of the SDGs, we saw a clear alignment with our unique contributions, which Nick has highlighted. For example, among others, SDG 3 (Good health and wellbeing) at STM, SDG 10 (Reduced inequalities) at Risk, SDG 16 (Peace, justice and strong institutions) at Legal, and SDG 11 (Sustainable cities and communities) at Exhibitions. 4 RELX teach-in on Corporate Responsibility Thursday, 20th May 2021 RELX SDG Resource Centre To further our overarching unique contribution of universal, sustainable access to information, in 2017 we launched a free RELX SDG Resource Centre to illuminate the SDGs for everyone. The site, which had nearly 90,000 unique users and 800,000-plus page views last year, features leading-edge articles, reports, tools, events, videos and legal practical guidance from across RELX and key United Nations and other partners to advance awareness, understanding and implementation of all 17 SDGs.
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